Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) agreed to acquire remaining 22.5% stake in Shanghai Qiangsheng Group Automobile Repair Co., Ltd. from Shanghai Shenqiang Taxi Co., Ltd. for CNY 30.1 million on December 25, 2012. Board of Directors of Shanghai Qiangsheng Holding Co., Ltd. has approved the transaction on December 25, 2012.

Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) cancelled the acquisition of remaining 22.5% stake in Shanghai Qiangsheng Group Automobile Repair Co., Ltd. from Shanghai Shenqiang Taxi Co., Ltd. on December 25, 2013.